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GLN - Update on COVID-19
Glencore plc
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
HKSE Share Code: 805HK
ISIN: JE00B4T3BW64
Baar, Switzerland
26 March 2020
Update on COVID-19
Glencore would like to provide an update relating to the impact of COVID-19 on its operations. Various
governments have imposed far-reaching restrictions to daily life and economic activity, and we have been
engaging with the relevant authorities, unions and other stakeholders to understand the impact of these
measures on our operations.
We have introduced a number of precautionary measures across our offices and industrial assets in
response to COVID-19. This includes the implementation of enhanced hygiene and cleaning measures,
application of social distancing and identification of higher risk groups. Our goal is to operate only when
we can keep our people safe and healthy, while safeguarding jobs and providing support to our local
communities.
To date, our larger operations have not been materially impacted, however a number of our smaller
assets have had to restrict or stop operations.
Canada
The government of Quebec has ordered all non-essential businesses to close in an attempt to slow the
spread of COVID-19. Accordingly, our Raglan (nickel) and Matagami (zinc) operations in Quebec will be
on care and maintenance for the next three weeks. In Ontario, the government has issued a similar
decree, but mining has been designated an essential business and therefore our assets can continue to
operate.
Chad
Due to the disruptions to international mobility, transportation and supply chains, Glencore’s wholly
owned subsidiary, PetroChad (Mangara) Limited (“PCM”) has taken steps to commence ceasing
production at its Badila and Mangara oil fields. The facilities at the fields will be secured and remain on
care and maintenance while PCM monitors the situation. The transition to care and maintenance is
expected to complete towards the end of April.
Colombia
In Colombia, the President imposed a 19-day quarantine for the country from 25 March. Although the
Presidential decree has exempted mining, growing community tensions and restrictions on logistics have
made it very difficult to ensure the continued and safe operation of Prodeco (coal) and the security of its
host communities. Accordingly, Prodeco has transitioned to care and maintenance. The port will continue
to operate.
South Africa
The South African government has announced a nationwide lockdown for 21 days from 26 March. We
have been engaging with the authorities to understand the impact of the lock-down on our operations. In
accordance with the guidance received from the authorities:
- Our ferroalloys operations in South Africa will transition to care and maintenance with effect from
26 March;
- The majority of our South African coal operations supply Eskom under a variety of contracts.
During the nationwide lockdown, we will continue to supply coal to Eskom under the guidelines
issued by the Department of Mineral Resources. Any export of coal will need to be approved by
the Department of Mineral Resources. With effect from midnight tonight, the Middleburg and
Graspan coal operations will be on care and maintenance, supported by skeleton crews to
maintain essential services.
Supporting our workforce and local communities
The health and wellbeing of our people, their families and the broader community remains our number
one priority. For all our offices and industrial assets that are continuing to operate, we have implemented
various additional precautionary measures to protect our employees. We recognise the uncertainty
caused by the current environment and endeavour to support our workforce and local communities, as
appropriate.
The situation is evolving rapidly and we will continue to provide updates as appropriate. We thank our
employees, contractors, customers, suppliers, communities and other stakeholders for their support
during this challenging time. Glencore is committed to working with all its stakeholders in helping
overcome the unprecedented challenges presented by this pandemic.
For further information please contact:
Investors
Martin Fewings t: +41 41 709 2880 m: +41 79 737 5642 martin.fewings@glencore.com
Maartje Collignon t: +41 41 709 3269 m: +41 79 197 4202 maartje.collignon@glencore.com
Media
Charles Watenphul t: +41 41 709 24 62 m: +41 79 904 33 20 charles.watenphul@glencore.com
www.glencore.com
Glencore LEI: 2138002658CPO9NBH955
Notes for Editors
Glencore is one of the world’s largest global diversified natural resource companies and a major producer
and marketer of more than 60 commodities. The Group's operations comprise around 150 mining and
metallurgical sites and oil production assets.
With a strong footprint in over 35 countries in both established and emerging regions for natural resources,
Glencore's industrial activities are supported by its global marketing network.
Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation,
battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers
and consumers of commodities. Glencore's companies employ around 160,000 people, including
contractors.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the
International Council on Mining and Metals. We are an active participant in the Extractive Industries
Transparency Initiative.
Follow us on social media:
www.facebook.com/Glencore
www.flickr.com/photos/glencore
www.instagram.com/glencoreplc
www.linkedin.com/company/8518
www.slideshare.net/glencore
www.twitter.com/glencore
www.youtube.com/glencorevideos
Disclaimer
The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal
entities. In this document, “Glencore”, “Glencore group” and “Group” are used for convenience only where
references are made to Glencore plc and its subsidiaries in general. These collective expressions are
used for ease of reference only and do not imply any other relationship between the companies.
Likewise, the words “we”, “us” and “our” are also used to refer collectively to members of the Group or to
those who work for them. These expressions are also used where no useful purpose is served by
identifying the particular company or companies.
Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking Division)
Date: 26-03-2020 04:45:00
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